James Hardie Investors Face Dec. 23 Deadline to Seek Lead Role in Securities Class Action

Overview

• The lawsuit, filed in the Northern District of Illinois as 25-cv-13018, alleges violations of Sections 10(b) and 20(a) and SEC Rule 10b-5.
• The putative class covers purchasers from May 20, 2025 through August 18, 2025, with several firms inviting motions for lead plaintiff by December 23, 2025.
• Plaintiffs allege executives downplayed distributor destocking while emphasizing strong demand in the North America Fiber Cement segment.
• On August 19, 2025, James Hardie reported a 12% sales decline in the segment tied to “normalization of channel inventories,” followed by a roughly 34% stock drop the next day.
• Hagens Berman notes the company replaced CFO Rachel Wilson with Ryan Lada on November 17, 2025, as the litigation continues without class certification.